When it comes to vacation rental management contracts, one size doesn’t fit all. That’s why AvantStay offers customizable programs that work for you and your home; choose between our Master Lease and Vacation Rental Management Agreement (VRMA). Keep reading to learn more about our flexible management options that help you hit your financial goals.
Master Lease vs. Vacation Rental Management Agreement
Before we dive in, it’s important to consider how you plan on using your vacation home. If you typically use your home for less than four weeks a year, a Master Lease might be a nice option. On the other hand, if you’d like to enjoy your home for more than four weeks, our VRMA is a better fit. Still unsure of which program suits you and your home? Let’s break down the main differences.
Master Lease
We pay you a guaranteed monthly rent in exchange for leasing your vacation property to AvantStay. The amount you earn is a fixed, agreed-upon monthly rent that you receive regardless of season or how many bookings we make. This takes the risk out of renting your home.
Vacation Rental Management Agreement
We earn a percentage of the revenue we bring in and pay you a monthly revenue share. The amount you earn each month varies based on bookings, so you’ll earn more during periods of higher demand.
Who pays for the costs associated with operating my home as a short-term rental?
Master Lease
We pay for all expenses associated with operating your home as a short-term rental including utilities, property service providers, repairs, general maintenance, and turnover costs.
Vacation Rental Management Agreement
Our Home Care Program is included as a standard component of our VRMA plans and covers in-house maintenance and repair services, inspections, and work order visibility for one low monthly fee. You’ll receive unmatched professional care from our skilled staff and trusted contractors that strive to go above and beyond, so you’ll never have to worry about a thing.
What about design services, furnishing, and the photoshoot?
All AvantStay homeowners have access to our award-winning interior design services, no matter your contract type, for a low one-time fee based on your furnishing requirements. Our interior designers create custom, locally inspired designs in line with our elevated branding that guests love and have come to expect—that way, you know the furniture you’re buying will boost your vacation rental’s ROI.
From there, we help you procure high-quality, durable furniture, equipment, and amenities to elevate the guest experience and drive premium daily rates. We pass along our discounted rates to you so you capture those savings, and coordinate delivery and installation on your behalf so you don’t have to lift a finger!
To bring it all together, we take care of the professional photoshoot and listing creation for all of our owners—for free! Our design, furnishing, and photography services are guaranteed to drive guest satisfaction, higher occupancy, and ultimately more revenue.
Who pays for the technology you have to invest in to turn my home into a short-term rental?
Both of our management programs include our cutting-edge smart (IoT) technology that remotely monitors everything from entry surveillance to noise to occupancy, all to ensure your home stays safe and protected. All of our smart home devices such as smart locks, noise sensors, doorbell cameras, and more are compliments of AvantStay. Plus, we do the installation for you!
Full-service vacation rental management
No matter what management plan you choose, you’ll always receive best-in-class local care. As an AvantStay homeowner, you get unmatched personalized service through a dedicated Owner Experience Manager who will quickly assist with any inquiries. You can also rest assured that our Policy and Risk team keeps a constant pulse on the ever-evolving short-term rental regulatory requirements across the country, so your home is always in good standing.
We pair all of that personal support with a proprietary tech suite that powers bookings, operationalizes in-field management, and activates an elevated guest experience. We take care of all the work to maximize your home’s income so you can sit back and relax—it’s that simple.
Interested in learning more about AvantStay’s full-service management programs? Our team is ready to help. Get started with our vacation rental management experts today!